:

Business/Financial

Lockheed’s Venture Arm Invests In Battery Technology Company South 8

By Cal Biesecker

Wednesday, August 16th, 2023

SHARE:

Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Photo: South 8 Technologies

South 8 Technologies, which is developing liquid gas electrolyte technology to power lithium-ion batteries, has received a strategic investment from Lockheed Martin’s [LMT] venture arm to support the commercialization of the company’s technology. The investment included participation from current South 8 investors LG Technology Ventures, Foothill Ventures, and Anzu Partners. “The exceptional performance capabilities of the LiGas electrolytes are an enabling technology for increasingly aggressive customer requirements, particularly those set forth by the aerospace and defense industries,” Cyrus Rustomji, CEO…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]